Frequently Asked Questions
Think of a donor-advised fund as a charitable investment account, which is only used for supporting charitable organizations you are passionate about. Donating cash, securities or other assets to a donor-advised fund at a public charity, like 10Power’s Renewable Energy Access DAF with Impact Assets, generally qualifies you for an immediate tax deduction. Those funds then are able to be invested for tax-free growth and you can recommend grants to almost any IRS-qualified public charity.
- If you want to catalyze impact with a multiplier effect on your giving
- If you have an existing DAF (it’s easy to transfer)
- If you have stocks or assets that you want to contribute
- If you had a capital gain this year (sold property, stock, or have a tax burden and you would like to offset with a deduction)
- Cash equivalents, such as checks, wire transfers or cash positions from a brokerage account
- Publicly traded securities or mutual fund shares
- Restricted stock
- Cryptocurrency
- Private equity and hedge fund interest
Donors receive immediate tax deductions and the capital can be dispersed over time.
As opposed to a one time donation, a contribution to the Renewable Energy Access DAF is revolving. If the investments make a return, the returns are reinvested!
The funds in the Renewable Energy Access DAF will be used for investment opportunities and who does the diligence.
Fees vary on where the DAF is housed. The Renewable Energy Access DAF is at Impact Assets.
No more risks than any other charitable donation. Donor-advised fund contributions are an irrevocable commitment to charity; the funds cannot be returned to the donor or any other individual or used for any purpose other than grantmaking to charities.